Ondo Perps lets traders use tokenized stocks as perp collateral

Traders can now buy tokenized stocks and ETFs around the clock on Ondo Perps, then use those holdings as collateral for matching perpetual contracts on the same platform. That removes a major friction point for basis trades and delta-neutral strategies, since spot and derivatives positions no longer need to be managed across venues.

The launch covers 12 assets, including tokenized Tesla, NVIDIA, Alphabet, Circle, Micron, SpaceX, Silver, Gold, the S&P 500 ETF, QQQ, and two other ETFs. Trading uses a permissionless spot central limit order book outside the United States.